BMO Capital Markets Increases Aecon Group (TSE:ARE) Price Target to C$29.00

Aecon Group (TSE:ARE) had its price objective raised by BMO Capital Markets from C$27.00 to C$29.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 3.42% from the company’s current price.

A number of other brokerages have also recently issued reports on ARE. CIBC upped their price objective on Aecon Group from C$25.00 to C$29.00 in a research note on Monday, November 4th. Canaccord Genuity Group increased their price target on shares of Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. National Bank Financial downgraded shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Raymond James upped their target price on shares of Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. Finally, ATB Capital lifted their price target on Aecon Group from C$21.00 to C$29.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Aecon Group currently has an average rating of “Moderate Buy” and a consensus target price of C$26.98.

Aecon Group Price Performance

TSE:ARE opened at C$28.04 on Friday. Aecon Group has a 52-week low of C$11.50 and a 52-week high of C$29.70. The company has a market cap of C$1.75 billion, a P/E ratio of -103.85, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.86, a quick ratio of 1.27 and a current ratio of 1.35. The stock’s 50-day simple moving average is C$25.48 and its 200 day simple moving average is C$19.91.

Aecon Group Company Profile

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.